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Previous Intraday Trading Session: [ 2/27/2009 ]

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TIMEALERTS 
14:59Yes, it is going lower. No rally today.

 
14:56** STOP @ 740 profit [+2]

 
14:51Pull back to 739, then higher.

 
14:49I am looking for 747

 
14:41If you are not in, go long.

 
14:36** IN @ 738

 
14:36** BUY @ 738

 
14:34** BUY @ 740

 
14:33** BUY @ 742

 
14:32** STOP @ 736 profit [-3]

 
14:26Use 3 point stop

 
14:25** IN @ 739

 
14:23** BUY @ 739

 
14:21** STOP @ 737 profit [+4]

 
14:19Move stop to 737

 
14:17Move stop to 738

 
14:16Move stop to 739

 
14:14So if stopped out, we go long.

 
14:14** BUY @ 741

 
14:13Still bullish for the day.

 
14:12** SELL @ 739

 
14:10** EXIT @ 740 profit [+4]

 
14:08Move stop to 743

 
14:08Cover @ 740

 
14:00** IN @ 744

 
14:002 point stop

 
13:57** SELL @ 744

 
13:54Looks like the reversal will take us lower.

 
13:42I am waiting for the reversal at 13:55

 
13:37RVM @ 13:55 -- will it sent us up?

 
13:31Everything is still pointing UP

 
13:30A drop below 737 is a SELL

 
13:29** STOP @ 742 profit [-3]

 
13:28We should make that a 3 point stop

 
13:27** IN @ 745

 
13:272 point stop

 
13:23** BUY @ 745

 
13:21** STOP @ 747 profit [+5]

 
13:05There is one huge ascending triangle that has been building all day. 750 is a breakout above the triangle. BUT IS IT REAL?



 
13:03Move stop to 747

 
13:03And there it is!

 
13:02750 is the magic number today

 
13:00Move stop to 744

 
12:59Move stop to 745

 
12:52Move stop to 744

 
12:50Move stop to 742

 
12:49** IN @ 742


 
12:41** BUY @ 742

 
12:38Remember our channel? This is the first time we fell through the bottom.

 
12:37POP came, but in wrong direction.

 
12:36** STOP @ 743 profit [-2]

 
12:35WILD!

 
12:34We have a POP coming ay 12:40

 
12:33If you are out, get back in now.

 
12:32That was so fast I could not get out. Still in by accident.

 
12:22** IN @ 745

 
12:21** BUY @ 745

 
12:21Set a 2 point stop, and wait.

 
12:20** BUY @ 747

 
12:19Market is clearly winding up for a big move

 
12:02** BUY @ 750

 
11:45Reversal is pulling us down.

 
11:25RVM @ 11:35

 
11:14** STOP @ 744 profit [-3]
** IN @ 747

 
10:33** BUY @ 747

 
10:31** STOP @ 743 profit [-3]

 
10:17Headed towards the bottom of the channel.

Cancel the buy at 747.

 
10:16** IN @ 740

 
10:00We need a retest of the low before going higher.

 
10:00Target 734 -- in fact cover if we get there.

 
09:58Our two open entry trades are:
** BUY @ 747
** SELL @ 740

 
09:57** SELL @ 740

 
09:55** SELL @ 742

 
09:513 point trailing stop again

 
09:51Looks like the channel is going to hold.

 
09:50** BUY @ 747

 
09:47** STOP @ 746 profit [-3]

 
09:46Again, retesting the top of the channel.

 
09:40We go into free fall when 739 is broken.

 
09:36Retesting top of channel top.

 
09:32We are at a major reversal.

 
09:31Target 734

 
09:29** IN @ 743

 
09:26We are completing a wave 5. I think we will see this breakout of the channel as a fake.

 
09:23** SELL @ 743

 
09:22R @ 750

 
09:20Looking to go short

 
09:09** STOP @ 740 profit [0]


 
09:05Here comes a pull back.


 
08:553 point trailing stop

 
08:55** IN @ 740

 
08:52Let's hope for bounce off 734

 
08:51POP is coming.


 
08:50We are in a channel that indicates a move down.

 
08:41Right now we are looking at going lower.


 
08:40** BUY @ 740 -- it may take awhile to get there

 
08:28Remember, today is predicted to be the most active day this week. That means we'll need to see a big move larger than Monday.

 
08:27We are going lower at the open.

 
08:24Good morning!

 
 
 
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